873,800 SF Lease is Among Top Leases of 2016 in Atlanta Region
ATLANTA, February 27, 2017 – Atlanta-based Core5 Industrial Partners announced today an 873,800 square-foot lease to Duracell Corporation in their Shugart Farms property – Core5 Logistics Center at Shugart Farms. Duracell is the number one battery brand in the world. The Core5 facility will provide Duracell distribution services for all of North America. Sonoco, one of the largest global diversified packaging companies, will support Duracell’s new battery packaging operation and DHL will handle the logistics.
The full building lease is among the largest leases of the 2016 in the Atlanta region. Duracell was represented by Kris Bjornson and Bill Kee of JLL and Core5 was represented by Cushman & Wakefield..
“With Duracell battery manufacturing facilities in the Southeast US, the proximity between these locations made the state-of-the-art building at Shugart Farms the ideal location,” said Lisa Ward, Core5’s Senior Vice President and Managing Director.” In addition to the location, Core5’s building layout and flexibility played a key role in Duracell’s selection of the facility.” Located in the I-85/Airport Submarket in Fairburn, Georgia just south of Atlanta’s city center and less than 10 miles from Hartsfield Jackson International Airport, the Shugart Farms building is Core5’s initial development in Atlanta.
“The location is ideal for our business”, stated Duracell’s Jackson Jones Operations Director. “The building meets all of our criteria and the Core5 team was very responsive in working with us on our tight schedule.”
The Airport Submarket has been the most active submarket in Metro Atlanta over the last year, landing several Fortune 500 companies for largescale distribution and e-commerce fulfillment centers.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of inventory and build-to-suit facilities of Class A industrial properties. Headquartered in Atlanta, Georgia, Core5, named for its five core business principles, was capitalized in 2015 by Kajima USA Group, whose $2 billion industrial holdings were sold in 2013. With current activity in Atlanta and Chicago, Core5 expansion plans include the key logistic hubs throughout the US. For more information on Core5 Industrial Partners, visit www.c5ip.com.
The Duracell Company and its iconic Duracell brand was acquired by Berkshire Hathaway, Inc. (NYSE-BRK) in 2016. Since its humble beginnings, Duracell has grown to be the leader in the single-use battery market in North America. In a world where trust is at a premium, Duracell products can be trusted to power all of life’s everyday moments. Our products are trusted in the devices that keep people connected, protect their families, entertain them, and simplify their increasingly mobile lifestyles. Berkshire Hathaway is a $210B holding company owning subsidiaries that engage in diverse business activities. Visit www.duracell.com for more information.